Multiemployer Plan Liabilities
- Analysis of corporate exposure to multiemployer plans
- Inventory of plan exposures and plan information
- Current funded level and zone status
- Current contribution levels
- Expectation for future contribution levels
- Plan’s "glide path"
- Aggressiveness or conservatism of plan’s assumptions and methods
- Long term implications for withdrawal liability, contributions and subsidization of other
employers who withdraw
- Development of negotiation strategy for collective bargaining
- Differentiating short term costs from long term commitments
- Strategizing targeted timing for withdrawing from plans with goal of minimizing withdrawal liability
- Analysis of options for proposals for Funding Improvement Plans and Rehabilitation Plans
- Strategic advice to Plan Trustees
- Assistance in defending credit ratings from downgrade by credit rating agencies
- Understanding approaches taken by credit rating agencies and their rationales
- Options for improving perceived risk
- Options for supplying (and packaging) favorable supplemental information to the agencies
- Analysis of withdrawal liabilities and potential ways of minimizing them (or avoiding pitfalls that might
increase the liabilities)
- Projections of emerging liabilities under alternative scenarios
- Understanding the risks and variability of the results and the financial risks being underwritten
- Arbitration of withdrawal liabilities
- Approaches to insuring against counterparty risk
- Credit default swaps
- Insured approaches
